Question
Suppose that appetite for education is uncorrelated across generations: children with a thirst for learning can be born into families that don't share that bent,
Suppose that appetite for education is uncorrelated across generations: children with a thirst for learning can be born into families that don't share that bent, just as readily as a child born into a highly educated family may have no interest in school. Consider the public good of education from the perspective of students who will use their local education system as a way to invest in their future human capital. What potential implications will a mismatch in parent and student appetite for education have for the efficiency of a Tiebout equilibrium in the funding of schools through local property taxes?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started